It raised its Series C funding round, with the entry of three new investors: Shunwei Capital, DST Partners and RPS Ventures. Existing investors including Sequoia India, SAIF Partners, Venture Highway, and Y Combinator (2017) also participated in the latest funding round.

Future Planning: The company plans to use the fresh funds to build a stronger product and scale its technology team.

E-commerce Industry

Summary: Amazon had launched its logistics arm, Amazon Transportation Services (ATS), in March 2015. Amazon invested funds in ATS thereby taking the total funding raised so far to $92.4 million. To date, Amazon has established 67 fulfillment centres in the country, which cover an area of 20 million cubic feet of space in 13 Indian states.